Red Net Tangible Assets vs Net Working Capital Analysis
| RDVT Stock | USD 20.39 1.26 5.82% |
Red Violet financial indicator trend analysis is much more than just breaking down Red Violet prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Violet is a good investment. Please check the relationship between Red Violet Net Tangible Assets and its Net Working Capital accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Violet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Red Stock please use our How to Invest in Red Violet guide.
Net Tangible Assets vs Net Working Capital
Net Tangible Assets vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Violet Net Tangible Assets account and Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Red Violet's Net Tangible Assets and Net Working Capital is 0.95. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Red Violet, assuming nothing else is changed. The correlation between historical values of Red Violet's Net Tangible Assets and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Red Violet are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Tangible Assets i.e., Red Violet's Net Tangible Assets and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Net Working Capital
Most indicators from Red Violet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Violet current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Violet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Red Stock please use our How to Invest in Red Violet guide.At this time, Red Violet's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 24.14 in 2024, despite the fact that Tax Provision is likely to grow to (9.2 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 32.8M | 41.1M | 47.1M | 49.5M | Total Revenue | 44.0M | 53.3M | 60.2M | 31.3M |
Red Violet fundamental ratios Correlations
Click cells to compare fundamentals
Red Violet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Red Violet fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 48.9M | 52.0M | 74.4M | 77.4M | 93.0M | 54.1M | |
| Other Current Liab | 1.6M | 1.5M | 395K | 1.8M | 2.0M | 1.6M | |
| Total Current Liabilities | 4.3M | 5.0M | 3.5M | 5.4M | 4.9M | 4.7M | |
| Total Stockholder Equity | 42.1M | 43.3M | 69.4M | 71.1M | 86.1M | 48.1M | |
| Net Tangible Assets | 12.8M | 10.9M | 36.0M | 34.2M | 39.4M | 41.3M | |
| Retained Earnings | (15.9M) | (22.7M) | (22.0M) | (21.4M) | (7.9M) | (8.3M) | |
| Accounts Payable | 2.1M | 2.1M | 1.6M | 2.2M | 1.6M | 1.7M | |
| Cash | 11.8M | 13.0M | 34.3M | 31.8M | 32.0M | 16.3M | |
| Non Current Assets Total | 32.8M | 35.3M | 35.8M | 39.3M | 52.7M | 32.1M | |
| Non Currrent Assets Other | 289K | 139K | 137K | 601K | 146K | 138.7K | |
| Other Assets | 289K | 2.3M | 74.4M | 601K | 691.2K | 656.6K | |
| Cash And Short Term Investments | 11.8M | 13.0M | 34.3M | 31.8M | 32.0M | 16.3M | |
| Net Receivables | 3.5M | 3.2M | 3.7M | 5.5M | 7.1M | 7.5M | |
| Common Stock Total Equity | 10K | 12K | 13K | 14K | 16.1K | 8.5K | |
| Retained Earnings Total Equity | (15.9M) | (22.7M) | (22.0M) | (21.4M) | (19.3M) | (18.3M) | |
| Common Stock Shares Outstanding | 10.8M | 11.9M | 13.4M | 14.1M | 14.1M | 11.6M | |
| Liabilities And Stockholders Equity | 48.9M | 52.0M | 74.4M | 77.4M | 93.0M | 52.5M | |
| Non Current Liabilities Total | 2.5M | 3.6M | 1.5M | 885K | 2.0M | 1.4M | |
| Capital Surpluse | 59.2M | 66.0M | 91.4M | 92.5M | 106.4M | 111.7M | |
| Capital Lease Obligations | 3.0M | 2.5M | 1.9M | 1.3M | 2.6M | 1.4M | |
| Other Current Assets | 722K | 581K | 599K | 771K | 1.1M | 740.7K | |
| Other Stockholder Equity | 57.9M | 66.0M | 91.4M | 92.5M | 94.0M | 59.8M | |
| Total Liab | 6.8M | 8.6M | 4.9M | 6.3M | 6.9M | 6.0M | |
| Property Plant And Equipment Gross | 3.3M | 2.7M | 2.2M | 1.8M | 4.4M | 4.6M | |
| Total Current Assets | 16.0M | 16.7M | 38.6M | 38.1M | 40.3M | 20.6M | |
| Non Current Liabilities Other | 2.5M | 1.9M | 1.3M | 598K | 687.7K | 863.8K | |
| Short Term Debt | 491K | 1.0M | 617K | 692K | 569K | 411.9K | |
| Intangible Assets | 24.0M | 27.2M | 28.2M | 31.6M | 34.4M | 23.8M | |
| Common Stock | 10K | 12K | 13K | 14K | 12.6K | 12.0K | |
| Property Plant Equipment | 3.3M | 558K | 577K | 709K | 638.1K | 873.9K | |
| Property Plant And Equipment Net | 3.3M | 2.7M | 2.2M | 1.8M | 3.0M | 2.2M | |
| Current Deferred Revenue | 128K | 504K | 841K | 670K | 690K | 408.7K | |
| Net Debt | (8.8M) | (8.3M) | (32.4M) | (30.5M) | (29.5M) | (28.0M) | |
| Net Invested Capital | 42.1M | 45.5M | 69.4M | 71.1M | 86.1M | 57.9M | |
| Net Working Capital | 11.7M | 11.7M | 35.1M | 32.7M | 35.4M | 20.6M |
Pair Trading with Red Violet
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Red Violet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Red Violet will appreciate offsetting losses from the drop in the long position's value.Moving against Red Stock
| 0.57 | VCIG | VCI Global Limited Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Red Violet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Red Violet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Red Violet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Red Violet to buy it.
The correlation of Red Violet is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Red Violet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Red Violet moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Red Violet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Violet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Red Stock please use our How to Invest in Red Violet guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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When running Red Violet's price analysis, check to measure Red Violet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Red Violet is operating at the current time. Most of Red Violet's value examination focuses on studying past and present price action to predict the probability of Red Violet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Violet's price. Additionally, you may evaluate how the addition of Red Violet to your portfolios can decrease your overall portfolio volatility.
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Is Red Violet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Red Violet. If investors know Red will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Red Violet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.549 | Earnings Share 1.04 | Revenue Per Share 4.515 | Quarterly Revenue Growth 0.197 | Return On Assets 0.0296 |
The market value of Red Violet is measured differently than its book value, which is the value of Red that is recorded on the company's balance sheet. Investors also form their own opinion of Red Violet's value that differs from its market value or its book value, called intrinsic value, which is Red Violet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Red Violet's market value can be influenced by many factors that don't directly affect Red Violet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Red Violet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Red Violet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Red Violet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.